Retail Trade and Distribution

JPMorgan set for full control of asset management business with minority partner buyout; Luckin Coffee reveals financial fraud amid growing concern over Chinese listings; and the U.S. set to ramp up tech export restrictions for China, report says.

In the first episode of the China Law Podcast, we discuss Chinese businesses claiming force majeure exemptions to contracts. Should foreign counterparties grant these exemptions? Must they? Or should they sue instead? And perhaps most importantly, would they win?

Qualifications approval requirement for foreign project contracting is lifted

China sees businesses and workers return to work as epidemic situation improves; Beijing announces quarantine for inbound travelers as worry over imported cases grows; and AmCham China reports pessimism among members over worsening bilateral relations

A breakthrough in the trade war, but how long will it last?

China, U.S. sign phase one trade deal in trade war breakthrough, but tariffs and issues remain; Reuters reports imminent first rules for online-only banks in China, foreign participation welcomed; and U.S. venture investment in China sinks to six-year low amid trade war and slowing Chinese economy

U.S. tightens supervision over AI software exports with China in mind; JPMorgan Chase applies for majority stake in Chinese futures business; and China opens up oil and gas industry to foreign players

Eligible consumption taxpayers are re-defined

Alibaba raises $13 billion in Hong Kong secondary listing; MSCI wants more hedging tools and easier settlement cycles before further stock inclusion; Trump signs Hong Kong democracy act in trade war setback